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Revelo Enters $3.65 Million Agreement to Acquire Austral Gold’s San Guillermo Project, Chile
February 10, 2016
Revelo Resources Corp. has signed an option and sale agreement with Guanaco Cia. Minera SpA, a wholly owned Chilean subsidiary of Austral Gold Limited, whereby Austral will have the sole and exclusive option and right to acquire a 100 percent
Gerald Metals and Shanghai Pengxin Mining Enter JV Agreement to Supply, Market Copper and Cobalt
February 10, 2016
Gerald Metals SA, a member of Gerald Group, and Shanghai Pengxin Investment Co., Ltd., a subsidiary of Pengxin International Mining Co., Ltd., entered into a joint venture agreement in Shanghai on January 28, 2016, to work jointly in procuring, producing,
Policy Reversal Gives Japan Green Light to Build New Coal-fired Power Plants
February 10, 2016
In a policy back flip Tuesday, the Environment Ministry gave the green light to construction of new coal-fired power plants in exchange for power companies and the Ministry of Economy, Trade and Industry taking tougher measures to reduce global warming
India’s Minister of Coal Approves ‘Bridge Linkages’ for PSU Coal Mine Allottees
February 10, 2016
The Ministry of Coal has approved a proposal to grant a short-term coal linkage to central and state public sector units which have been allotted Schedule III coal mines. Under the Coal Mines (Special Provisions) Act, Schedule III coal mines
Aussie Gold Soars to More Than A$1670 an Ounce
February 10, 2016
The spot gold market opened about an hour ago (10am Sydney, Australia, time), and has added another couple of dollars to US$1192 an ounce. This comes after a 3.5 percent gain overnight, and a 5 percnet rally the week before.
China to Add Five New Nuclear Reactors Each Year Until 2030
February 10, 2016
Currently nuclear power delivers 2 percent of China’s energy needs, and the country remains the world’s largest energy consumer. According to estimates in the draft 13th Five-Year Plan, China will probably add five to six nuclear reactors every year starting
Three Trapped Miners at Makonjwaan Gold Mine Collapse Said to be Alive, South Africa
February 10, 2016
A building collapsed above a gold mine in South Africa on Friday, trapping dozens of people before they were saved. After several hours, only three people remained missing, a union spokesman said. Manzini Zungu, spokesman for the Association of Mineworkers
Royal Nickel Provides Update on Salt Lake Mining Acquisition, Australia
February 9, 2016
Royal Nickel Corporation has provided an update that Salt Lake Mining Pty Ltd. (SLM) has sold its non-core 100 percent-owned Widgiemooltha and Carr Boyd exploration projects for a cash payment of A$1.6 million plus a future contingent payment of A$0.6
Adani Power to Build $2.2 Billion Coal Fired Power Plant in Jharkhand, India
February 9, 2016
Adani Power Ltd will soon sign a deal to set up a $2.2 billion coal-based power plant in Jharkhand state, two people with knowledge of the matter said, as its controlling shareholder aims to nearly double capacity this decade. The
Luxembourg Ministry of the Economy Launches Initiative to Back Asteroid Mining
February 9, 2016
One small step for a man, one giant leap for a duchy: Mining asteroids for minerals is one step closer to reality after tiny Luxembourg announced plans Wednesday to help the fledgling industry get into orbit. The Luxembourg Ministry of
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